Billionaire Buffett Eyes Untapped Potential in Indian Market

Legendary American investor Warren Buffett sees unexplored opportunities that could exist for his massive conglomerate Berkshire Hathaway in India going forward.

The Oracle of Omaha, as he’s widely known, made these comments during his company’s recent annual meeting while fielding a question about India’s prospects.

Buffett, who is Chairman and CEO of Berkshire Hathaway, acknowledged that India represents a sizable economy with loads of possibilities for investment.

However, he noted that any potential deals would require Berkshire to have some kind of insight, advantage or contacts within targeted industries.

Still, the billionaire expressed openness to the idea of future opportunities opening up in India as his company looks to deploy more of its vast capital holdings.

His comments suggest growing interest from Wall Street’s biggest investors in India’s long-term economic rise.